Carl Icahn and John Malone Among Insiders Building Stakes in the Bear Market
Billionaires Carl Icahn and John Malone are among insiders continuing to build stakes in their favorite stocks during the bear market.
Headquartered in San Antonio, TX Fiscal year ends December NYSE: CCO clearchanneloutdoor.com
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is a U.S.-based out-of-home advertising company operating two primary segments: America, which encompasses roadside billboard and street furniture advertising operations across 83 U.S. Designated Market Areas including 43 of the top 50 markets; and Airports, which operates advertising displays across more than 60 commercial airports primarily in the U.S. with a limited Caribbean presence. The company operates more than 64,500 print and digital displays and is focused on expanding its digital billboard and display footprint while integrating data analytics and programmatic advertising capabilities. Clear Channel Outdoor is currently subject to a pending take-private merger by a Mubadala Capital-led consortium at $2.43 per share, expected to close by end of Q3 2026, after which the company's common stock will no longer be publicly traded. The company also maintains a small operation in Singapore reported as 'Other.' It recently completed the sale of its Spain business for approximately $132.3 million and has previously divested its Latin American and Europe-North operations. Updated
Billionaires Carl Icahn and John Malone are among insiders continuing to build stakes in their favorite stocks during the bear market.
Market volatility has not dissuaded some insiders from making big share purchases. The most notable transactions came from return buyers.
Clear Channel Outdoor and TherapeuticsMD are among this week's stocks that could prove to be exciting additions to portfolios looking for solid alpha potential.
Tuesday's top analyst upgrades, downgrades and initiations included Apple, Blackstone, CBS, Global Payments, Netflix, Ralph Lauren, Walt Disney and Wynn Resorts.
Jon OggStocks were indicated lower on Tuesday due to weak retail earnings and due to Chinese stock market weakness persisting. While the bull market is over six years old now, the one…
The steep sell-off at the start of the week certainly enticed some insiders to step up to the plate and add to their positions.
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US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in the early…
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AGP raised to Buy at Jefferies.CCO raised to Outperform at Bear Stearns.DELL started as Buy at WRHambrecht.DLTR raised to Outperform at Wachovia.DRI raised to Outperform at CIBC.EQT started as BUy at Deutsche…
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is a U.S.-based out-of-home advertising company operating two primary segments: America, which encompasses roadside billboard and street furniture advertising operations across 83 U.S.
The Wall Street consensus 12-month price target for CCO is $2.43.